Creating a brand narrative that’s authentic, engaging and compelling enough for consumers to connect with. Isn’t that the dream? It’s crucial to understand how your brand is perceived in the eyes of your audience, and to know if it’s aligned with the way it sees itself.
These days, consumers are discerning, values-driven, and connected through digital platforms. Just look at Miu Miu’s score of 95/100 on the
Business of Fashion’s (BoF) Brand Magic Index, which is a quantifiable and trackable metric that evaluates a brand’s marketing efforts by measuring the alignment between brands and their customers.
Injecting fresh creativity into the brand and highlighting their unique visual identity has translated into strong social media presence, indicating that Miu Miu’s content and engagement resonate with the audience and align with their expectations. And true enough, sales were up 50 percent year over year in the second half of 2023.
It’s always easier said than done, though. Succeeding in the realm of ever-changing market dynamics calls for deep comprehension of how brands can authentically distinguish themselves and maintain relatability at the same time. Sphere’s generative AI app, Brand Positioning, can simplify that process for your brand by generating a constant stream of custom strategic ideas tailored specifically to your brand.